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Business News/ Politics / Policy/  News in Numbers: 5 firms bid for NHAI’s toll-operate-transfer projects
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News in Numbers: 5 firms bid for NHAI’s toll-operate-transfer projects

In other news, the CBI has alleged that Vikram Kothari, Rahul Kothari and all directors of Rotomac Pens had diverted the loan amount for purposes other than what they were meant for

Successful bidding of TOT projects will help NHAI monetise some of its assets.Premium
Successful bidding of TOT projects will help NHAI monetise some of its assets.

4

What is it? The number of men, including Jaspal Atwal (a Sikh separatist part of the International Sikh Youth Federation or ISYF), who had attempted to assassinate Punjab minister Malkiat Singh Sidhu on Vancouver Island in 1986.

Why is it important? Convicted Khalistan terrorist Atwal is back into focus for having been invited by the Canadian High Commissioner to India for dinner,. The dinner invitation was later rescinded. This has stirred up a controversy during the India visit of Canadian Prime Minister Justin Trudeau, whose approach to the Khalistan movement has come under criticism. Trudeau blamed a member of Parliament for Atwal’s name in the guest list though did not comment on his relationship with Atwal or the separatist being photographed with his wife and his cabinet colleagues in Mumbai on Tuesday.

Tell me more: The Indian government is probing how Atwal, who no longer features in the government’s blacklist of Sikh extremists, managed to get a visa to enter India.

Rs3,695 crore

What is it? The total worth of the alleged bank loan fraud by Romotac Pens’ owner Vikram Kothari and his son, Rahul Kothari, who were arrested by the Central Bureau of Investigation (CBI) on Thursday.

Why is it important? This case coincides with the other high profile case of Nirav Modi, who is accused of cheating Punjab National Bank to the tune of Rs11,400 crore, termed as the biggest fraud in India’s banking history. The CBI reportedly had to resort to custodial interrogation as the father-son duo were not cooperating with the investigating authorities and were giving vague replies even as the questioning entered the fourth consecutive day on Thursday.

Tell me more: The CBI has alleged that Vikram, Rahul, Vikram’s wife and all directors of Rotomac Pens had diverted the loan amount for purposes other than what they were meant for.

5

What is it? The number of boys the Central Bureau of Investigation (CBI) has registered a case against, in addition to arresting one from Uttar Pradesh’s Kannauj district, in connection with an alleged international child abuse pornography racket on a WhatsApp group.

Why is it important? This highlights the increasingly growing role of technology in child abuse and calls for stricter enforcement of stringent rules to prevent the misuse of instant messaging applications and social media networks for the same. According to the Indian Cyber Army, a resource centre to help counter cyber crimes, says search engines get over 116,000 queries per day related to child pornography. It says Kerala is a major contributor of child sexual abuse material and that Haryana, Assam, Bihar, Punjab and Delhi are among those with high viewership numbers.

Tell me more: The investigation reportedly revealed that the WhatsApp group had 119 members from different countries, including the US, China, Pakistan and New Zealand, receiving child pornographic content.

Rs2,000 crore

What is it? The threshold loan amount taken by corporate borrowers whose details are sought by the Institute of Chartered Accountants of India (ICAI) to examine possible violation of accounting and auditing standards.

Why is it important? The request comes after finance minister Arun Jaitley criticised the statutory auditors for not flagging the alleged Rs11,400 scam at state-run Punjab National Bank by Nirav Modi and Mehul Choksi. ICAI has also set up a committee to recommend steps to improve the banking system.

Tell me more: ICAI can taken disciplinary action in 31 out of 215 complaints received in financial year ended March 2017.

5

What is it? The number of firms that have bid for toll-operate-transfer (TOT) projects of the National Highways Authority of India (NHAI).

Why is it important? Successful bidding of TOT projects will help NHAI monetise some of its assets. These are operational road projects built by NHAI. Successful bidders will have to pay an upfront lease amount to operate the road for 30 years, and the amount collected will be used to finance road projects, thereby reducing the need for budget support.

Tell me more: Macquarie, Brookfield, Roadis Infrastructure Holding, National Investment and Infrastructure Fund, and IRB Infrastructure are the firms that have bid for TOT projects. This is the first time TOT projects have been given out in India.

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Published: 23 Feb 2018, 01:19 PM IST
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